Assessment Team from KfW Visited Bank of Chongqing

　　During March 09 and 11, Mr. James Waver, the senior banking advisor and Inken Paysen an international project manager from KfW Bankengrupe (KFW), visited Bank of Chongqing (BOCQ).

　　Their purpose for this trip was to make an assessment on the Bank about the German Government Small Loans Project. The Chairman of the Board of Bank of Chongqing, Ma Qianzhen, and the President Gan weimin attached great importance to the assessment.

　　KfW, the largest bank in Germany, was formed in 1948. It offers support to sustainable improvement in economic, social, ecological living and business conditions. As a promotional bank under the ownership of the Federal Republic and the federal states, KfW lends to small and midsized German businesses, and assists developing countries. Commissioned by the German federal government, KfW is managing the German government aid budget. In recent years, it focuses on expanding SMEs lendings in Chinese market.

　　Bank of Chongqing is among "The Most Competitive Commercial Banks" in western China and the upper Yangtze River. Recently, the bank increases support for SMEs。Since 2006, BOCQ has released 10,925 loans of total amount of 37.531 billions to small and midsized enterprises, and have supported 8995 middle-scale and small-scale enterprises. The Bank has made important contributions to the local economic development

　　At the March 9 meeting, President Gan gave an overview of the operation and management of Bank of Chongqing, elaborated the strategy and planning on SMEs. He also pointed out the advantages, opportunities that COCQ has. The top management hoped that the future cooperation with KfW, will help the bank absorbing more capital to promote small and medium-sized business, more importantly, import advanced risk control technology from KfW.

　　In the following 3 days, Mr. Waver and Ms. Paysen met the Board of Directors of BOCQ, The Corporate Banking Department, SME Lending Center, Credit Monitor Department, Risk Management Department, Asset Management Department and etc. During interviews, the German side stated that their selected cooperative bank should maintain a reasonable risk control systems, and should have effective control measures.

　　At the meeting with Zen Qingwen, the General Manager from Creditor Monitor Department, the two sides exchanged views toward credit risk monitoring. The assessment team showed a strong interest in credit risk classification and the actual operation. When Mr. Waver was informed that every customer manager is required to file a standard Risk Monitoring Report after each loan inspection, he was very surprised, and said BOCQ is the only bank he has seen doing this work. He thought this is a very good system. At the same time, Mr. Waver expressed great appreciation on the bank’s stringent c and innovative control measures.

　　Mr. Waver (Middle) Ms. Paysen (Right)

　　Zeng Qingwen GM of Credit Monitor Dept (2nd from right)

　　Zeng with Mr. Waver (3rd from Left) and Ms. Paysen (2nd from Left)

　　By means of visiting, the Germany advisory team had a comprehensive understanding about the risk control measures and effectiveness of risk management system of the bank. The trip laid a good foundation for future bilateral cooperation.